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Atlantic Likely to Top Charts
As No. 1 Record Label for Year

By

Patrick M. ReillyStaff Reporter of The Wall Street Journal

Updated Dec. 1, 1997 1:45 a.m. ET

NEW YORK -- Time Warner Inc.'s Atlantic Group is expected to finish the year as the top-selling record label in the country, up from No. 3 last year, marking a major recovery at a venerable label rocked by executive turnover and staff firings in recent years.

The label is a bright spot at a cloudy time for its parent Warner Music Group, which is bracing for declining results amid weak international sales and a poor performance by its once-leading Warner Bros. label. Cowen & Co. analyst Hal Vogel expects the music unit's...